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Over 20 organizations call on the U.S. not to grant market economy status to the Socialist Republic of Vietnam
Hanoi is waging an intense lobbying campaign to ask the US government to grant “market economy” status to the Socialist Republic of Vietnam. In response, more than 20 Vietnamese and international organizations wrote to US President Joe Biden, Commerce Secretary Gina Raimondo and Secretary of State Antony Blinken to urge the US administration to refuse to grant this market economy status for Vietnam at this time.
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With wary eye on China, U.S. moves closer to former foe Vietnam
The United States and Vietnam are poised to significantly enhance their economic and technological ties, bringing the former foes closer at a time of increased Chinese assertiveness in the region. The deal, expected to be announced when President Biden makes a state visit to Vietnam next weekend, is the latest step by the Biden administration to deepen relations in Asia. For Hanoi, the closer relationship with Washington serves as a counterweight to Beijing’s influence.
